News and commentary about white-collar crime, enforcement, and compliance
Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Netherlands-based medical device company Koninklijke Philips N.V. agreed Thursday to resolve its second FCPA enforcement action by paying the SEC $62 million for violations in China.… Continue Reading
Medical device-make Stryker Corporation — which resolved FCPA cases in 2013 and 2018 — said Tuesday in an SEC filing that it is “currently investigating whether certain business activities in a foreign country violated provisions of the Foreign Corrupt Practices Act.”… Continue Reading
As of March 27, the number of refugees fleeing Ukraine since the Russian invasion started reached nearly 3.9 million. Most of the refugees — mainly women and children — are now in neighboring Poland, Romania, Moldova, Belarus, Slovakia, and Hungary.… Continue Reading
Three women were charged Friday in a 13-count indictment for their alleged roles in an adoption scam involving Ugandan and Polish children with bribing Ugandan officials and defrauding adoptive parents, U.S.… Continue Reading
A draft anti-corruption law currently being discussed by the Polish government will have serious consequences for all businesses operating in Poland if it is passed in its current form.
Among other things, the “Law on Transparency in Public Life” would require practically all public entities, including all businesses that are at least 20 percent state owned to record all of their contracts worth over 2,000 PLN (approximately $600) in a register that in many cases will be fully available to public. … Continue Reading
IBM said in an SEC filing that the DOJ and SEC have closed their FCPA investigations into transactions in Argentina, Bangladesh, Poland, and Ukraine.
The U.S. investigations started in early 2012 when IBM notified the SEC of a probe by the Polish Central Anti-Corruption Bureau.… Continue Reading
The ethics & compliance community already knows we’re going to hear lots of chatter in coming months about easing the burden of compliance with the Foreign Corrupt Practices Act.
We’ll probably see a new attitude at the Justice Department, shifting away from prosecuting organizations in favor of prosecuting individuals.… Continue Reading
Last month Amsterdam-based VimpelCom Limited and its wholly owned Uzbek subsidiary, Unitel LLC, paid U.S. penalties of $397.6 million to resolve FCPA offenses.
In its enforcement action, the SEC said that at least $114 million in bribe payments were funneled through an entity affiliated with an Uzbek official, and approximately a half-million dollars in bribes were disguised as charitable donations made to charities directly affiliated with the Uzbek official. … Continue Reading
The UK Serious Fraud Office said Tuesday that it charged another former Alstom executive for bribing foreign officials.
The SFO charged Jean-Daniel Lainé when he appeared at Westminster Magistrates’ Court.
Prior to retirement, Lainé was senior vice president of ethics & compliance and a director of Alstom International Limited.… Continue Reading
Police in Canada arrested seven people, including officials of IBM and its local partner, along with employees of Quebec’s tax agency for alleged corruption in connection with a $24 million contract.… Continue Reading
In a speech Tuesday at CBI’s Annual Pharmaceutical Compliance Congress in Washington D.C., the head of the SEC’s enforcement division, Andrew Ceresney, left, talked about the most common ways pharmas violate the FCPA.… Continue Reading
Big pharma Eli Lilly said in an SEC filing Thursday that the DOJ has closed its FCPA investigation of the company.
In late 2012, Lilly resolved civil FCPA charges brought by the SEC.… Continue Reading